500 Global joins $2.4m round of Taiwan fashion ecommerce firm

Rosetta.ai, a Taiwan-based fashion ecommerce startup, has raised US$2.4 million in its latest round of funding.

More funding details

• Lead investor: BroadVision founder Pehong Chen
• Returning investors: 500 Global, Artesian VC, Angel To Venture Accelerator, Loyal VC, and SOSV.
• Stage: Pre-series A

More company updates

• Rosetta.ai will use the new funds to ramp up hiring and develop its fashion-optimized personalization products.
• It personalizes product recommendations for fashion ecommerce customers using deep learning to increase order value and conversion rate.
• The startup said its business has grown 300% over the past three years.
• It also said that 1,000 ecommerce shops had seen a 2x growth in their average order value and a 3.3x increase in conversion rate, thanks to Rosetta.ai.
• The Taiwan-based analyzes consumer preferences such as color, material, and style, which it said cannot be tracked on Google Analytics.
• The startup was among the 14 companies selected by Shanghai-based Chinaccelerator, an accelerator program run by global venture capital firm SOSV.

Source: www.techinasia.com